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The manufacturing overhead budget show the expected manufacturing over head costs for the budget period. The budget distinguishes between variable and fixed overhead costs. Companies fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials $1.00, indirect labor $1.40, utilities $0.40, and maintenance $0.20. Thus, for 6,200 direct labor hours budgeted indirect materials are $6,200 (6,200 x $1), and budgeted indirect labor is $8,680 (6,200 x $1.40). The company recognizes that some maintenance is fixed. The amounts reported for fixed cost are assumed.
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What is the fixed manufacturing overhead budget variance equal to?
Fixed manufacturing overhead budget variance is?
What budgets are included in a production budget?
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
What would a plantwide manufacturing overhead rate be assigned to?
what is plantwide manufacturing overhead
Is manufacturing overhead same as manufacturing cost?
No. Cost would include the cost of materials. Overhead would not.
What is the fixed manufacturing overhead budget variance equal to?
Fixed manufacturing overhead budget variance is?
What budgets are included in a production budget?
The production budget needs to be exploded into budgets for direct material, direct labor, and manufacturing overhead.
What if budgeted manufacturing overhead is not equal to applied manufacturing overhead?
There is a variance.
What would a plantwide manufacturing overhead rate be assigned to?
what is plantwide manufacturing overhead
Is manufacturing overhead same as manufacturing cost?
No. Cost would include the cost of materials. Overhead would not.
Is depreciation manufacturing labor?
Depreciation is not a manufacturing labor rather it is manufacturing overhead as machines used in manufacturing is not part of labor rather it is part of overhead.
Manufacturing overhead - fixed or variable cost?
Compute the actual and budgeted manufacturing overhead rate
Why some company uses budgeted overhead costs rather than actual costs?
the reason was: control the budget,
What is Applied manufacturing overhead?
what is factory overhead applied?
What is an example of a master budget?
A manufacturing organization's master budget includes a production budget, which uses the sales budget and inventory levels anticipated at the beginning and end of the period to determine how much to produce.
Manufacturing overhead is 20 direct labor is 45000 and direct materials are 53000 what is the manufacturing overhead?
20
A debit balance in the manufacturing overhead account at year end means?
It means you have incurred more actual manufacturing overhead costs than you have applied to your products (i.e., manufacturing overhead is underapplied).
